Inner city apartments in Melbourne are suffering from a glut of oversupply. Analysts are concerned that prices in these CBD dwellings could fall as a result.
The other day, while doing some analysis on the loans lodged over the past year and looking at the timeframes and where delays have occurred, I was struck by the number of stages that a loan application needs to go through before settlement and the number of people that the file depends on to go smoothly.
Some banks are offering recently graduated medical professionals and doctors home loans with a loan to value ratio (LVR) of 90 per cent.
The Housing Institute of Australia (HIA) has said it might be the housing sector that stimulates the country’s next round of growth.
There are calls from some brokers and lenders for banks to be more transparent in regards to which other banks, aggregators and brokerages they own.
The mortgage market continues to become more competitive, after banks and lenders’ ongoing cuts to fixed rates and fees.
Commercial office space in Melbourne’s city fringes are outshining the more central CBD markets.
The Western Australian government is considering axing stamp duty in a nation-leading move to help make housing more affordable.
The Reserve Bank has followed through on its promise of stability, leaving interest rates unchanged this month at 2.5 per cent.
On the eve of the Federal budget, Melbourne’s property spike may be slowing as figures show Melbourne property price growth has slowed this quarter.
